Says real estate agent aaron zapata of inman according to fha and fannie mae whether solar panels add value or are viewed as a liability is still unclear while many websites selling solar will lead you to believe it s the best possible investment for your home the true benefits of solar especially for a potential buyer interested.
Solar panel appraisal value.
As to solar panels owned by the homeowner the appraiser noted that there had been a few recent seminars offered on the topic.
Miller points out however that added value is not so cut and dried.
The consensus seems to be that in determining if the solar panels add any value the appraisers are required to be able to substantiate their analysis.
In other words a solar energy system that saves 400 per year would add a value of 8 000 to your home.
It is designed to be used by skilled appraisers consultants with knowledge of solar and a discounted cash flow.
It can potentially increase the home s value by up to 4 1 more than comparable homes with no solar panels.
Find everything you need to know about solar panels and solar installation costs.
On average solar panels raise a home s value by 4 1 across the u s according to a new zillow analysis of homes across the country that s a boost of 9 274 on a 226 300 home according to the study.
The national renewable energy laboratory cites a study in the appraisal journal which shows that home value increases 20 for every 1 reduction in annual utility bills.